Two properties are in their own LLCs and the 3rd property is an S-corporation.

Once he takes the $900 put for the carriage house he will owner occupy numbers will look a little different unless he's planning on paying rent to his own corporation.

Oh wait they are all probably connected in the same shell corporation............................. : )

This is similar to flipping businesses in USA having their operations taxed as corporations.

I'm one of those people that would take unhappiness over uncertainty as evidenced by my corporate job that I hate.I've used the teachings of Napoleon Hill, Tony Robbins, Brian Tracy, Jim Rohn, and Les Brown to get my head right.

I do primarily corporate and securities litigation.

These are all single member entities so it was incredibly easy to file, and create the Operating Agreement and/or Corporate Resolution.

J Scott I agree that colleges tend to teach you to be a good worker/servant for a large corporation.

An HOA (includes condos) is a business entity, a corporation.

I am currently working the corporate field and trying to fix my credit (which I messed up severly while in college--its in the low/mid 500s).Before starting I would like to be debt free other than student loans and a mortgage, and have an emergency fund.Currently I am reading and researching all I can about this field and joined two groups on meetup.com.Thanks in advance!